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IndusInd Bank proposes to raise Rs 1500 crore

Capital Market 

Through private placement of Long Term Bonds

proposes to raise funds by issue and allotment of Senior Unsecured Redeemable Non-Convertible Long Term Bonds in nature of Debentures (Infrastructure Bonds) for face value of Rs 10 lakh each for cash aggregating Rs 1500 crore on private placement basis.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)